Microsoft (MSFT) shrugged off its MACD bearish divergence and rallied as its traded above the $306 level highlighted on 15 May 2023’s weekly CFD commentary. Based on this price action, Microsoft may continue towards the next resistance at $337.50 if prices can stay above the $320 level. In contrast, prices are likely to retest $290 support if there is a daily close below $306. That possibility could not be ruled out as Microsoft’s MACD still showing a bearish divergence.